Lithuania updates crypto tax reporting rules under EU's DAC8 directive
In brief
- Lithuania's VMI issued Order No. VA-63 on September 24, 2026, updating DAC8 crypto reporting rules.
- Providers must report user identities, tax residencies, account balances and some transaction details.
- First annual reports, covering calendar year 2026 data, are due May 31, 2027.
- Lithuania's capital gains tax rate on virtual assets is unchanged.
What the order changes
Per Crypto Briefing's report on Order No. VA-63, the order sets new definitions of who counts as a reportable person, streamlines registration and updates due diligence requirements. The reporting net isn't limited to Lithuania's borders (it covers entities operating inside the EU as well as selected non-EU residents).
Providers have to collect and submit user identities, tax residencies and account balances. They'll also need to keep records of user identification and transaction logs. Crypto Briefing reported that transaction details must be submitted for transactions worth more than the equivalent of $50,000.
Deadlines and duplicate reporting
The rules apply from the 2026 reporting period onward. Annual reports are due by May 31 each year, and the first deadline (May 31, 2027) covers data from calendar year 2026. Notifications for registration, or for claiming an exemption, are due by May 31 of the following year too.
There's some relief for firms that already file elsewhere in the bloc. Under specific conditions, providers that fully comply with reporting obligations in another EU member state can avoid duplicate reporting in Lithuania.
Crypto Briefing also reported that, starting March 2027, certain custodial or transfer activities will require authorization as electronic payment services.
Lithuania's tax rate on capital gains from virtual assets didn't change.
Where DAC8 fits
DAC8, formally Directive 2023/2226/EU, is the EU's update to its rules on administrative cooperation in tax matters. It extends automatic information sharing between national tax authorities to cover crypto-assets, and it sits alongside the OECD's Crypto-Asset Reporting Framework (CARF). Lithuania's changes were built to align with both, according to the report.
Full EU-wide automatic data exchange is scheduled to begin in mid-2027. For exchanges and custodians serving Lithuanian users, calendar year 2026 is the first one that has to be reported.
Frequently asked questions
When are Lithuania's first DAC8 crypto reports due?
The first deadline is May 31, 2027, and it covers data from calendar year 2026. After that, annual reports are due by May 31 each year. The rules apply from the 2026 reporting period onward.
What is the EU's DAC8 directive?
DAC8, formally Directive 2023/2226/EU, is the EU's update to its rules on administrative cooperation in tax matters. It extends automatic information sharing between national tax authorities to cover crypto-assets. It sits alongside the OECD's Crypto-Asset Reporting Framework (CARF), and full EU-wide automatic data exchange is scheduled to begin in mid-2027.
Do crypto providers already reporting in another EU country also have to report in Lithuania?
Not always. Under specific conditions, providers that fully comply with reporting obligations in another EU member state can avoid duplicate reporting in Lithuania, according to Crypto Briefing's report on Order No. VA-63.
